Spread before costs (cost unknown: a leg has no order-book sample)+0.232%
7d average—if it closes, per $10,000$23funding while held, a day+$20.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,349.4 | 0.0100 | pay 0.0050% / 4h | 32m 53s | $16.0M | $1.3M | 100x |
| Short | 01 Exchange PAXGUSD | 4,359.5 | 0.0768 | get 0.0096% / 1h | 32m 53s | $15K | $7K | 10x |
MEXC PAXG_USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $23.24
- Funding while held
- $20.04
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- $32.28
- Spread needed to break even
- 0.110%
Slippage unknown: MEXC: live order book, 2 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0668%
- Per $10,000 a day
- +$20.04
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 2 min ago | 0.82 bp | 6.0 bp −$6 | 24.2 bp −$242 | 73.2 bp −$7,320 | 150.2 bp −$75.1K |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PAXG price on every exchange
against the cheapest. Click to use as the short leg.Injective4,338.4cheapestPhemex4,341+0.060%SunX4,344+0.128%ApeX Omni4,346.1+0.177%Variational Omni4,346.2+0.181%dYdX4,346.5+0.187%Extended4,347+0.198%Lighter4,347.3+0.205%Bitget4,347.3+0.205%Binance4,348+0.220%Hyperliquid4,348.1+0.224%Coinbase International4,348.1+0.224%Aster4,348.2+0.226%Reya4,348.2+0.226%Paradex4,348.6+0.235%Hibachi4,348.7+0.237%Bybit4,348.7+0.237%BingX4,348.8+0.239%Orderly4,349+0.244%
Injective
Phemex
SunX
ApeX Omni
Variational Omni
dYdX
Extended
Lighter
Bitget
Binance
Hyperliquid
Coinbase International
Aster
Reya
Paradex
Hibachi
Bybit
BingX
OrderlyMEXC4,349.4+0.253%
Kraken Futures4,349.6+0.258%Pacifica4,349.7+0.261%KuCoin4,349.9+0.266%Backpack4,350+0.268%Gate4,350.2+0.272%Deribit4,352+0.314%HTX4,352.1+0.316%
Kraken Futures
Pacifica
KuCoin
Backpack
Gate
Deribit
HTXPAXG on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.253% | −0.0038% | 1h | $1K | $116K | 30x | as long as short |
| Phemex PAXGUSDT | −0.193% | +0.0100% | 4h | $1.5M | $35K | 50x | as long as short |
| SunX PAXG-USDT | −0.125% | 0.0000% | 4h | $2K | $4.2M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.076% | +0.0100% | 1h | $263K | $791K | 50x | as long as short |
| Variational Omni PAXG | −0.072% | +0.0100% | 4h | $12.5M | $80K | — | as long as short |
| dYdX PAXG-USD | −0.066% | 0.0000% | 1h | $101K | $19K | 5x | as long as short |
| Extended PAXG-USD | −0.055% | +0.0104% | 1h | $375K | $1.2M | 25x | as long as short |
| Lighter PAXG | −0.048% | +0.0096% | 1h | $1.4M | $696K | 25x | as long as short |
| Bitget PAXGUSDT | −0.048% | +0.0100% | 4h | $9.1M | $12.1M | 50x | as long as short |
| Binance PAXGUSDT | −0.033% | +0.0100% | 4h | $79.6M | $65.7M | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | −0.030% | +0.0100% | 1h | $20.3M | $1.7M | 10x | as long as short |
| Coinbase International PAXG-PERP-INTX | −0.029% | +0.0248% | 1h | $981K | $1.1M | 50x | as long as short |
| Aster PAXGUSDT | −0.027% | +0.0100% | 4h | $906K | $71K | 50x | as long as short |
| Reya PAXGRUSDPERP | −0.027% | +0.0189% | 1h | $21K | — | 100x | as long as short |
| Paradex PAXG-USD-PERP | −0.019% | +0.0099% | 8h | $85K | $2.7M | 50x | as long as short |
| Hibachi PAXG/USDT-P | −0.017% | −0.0120% | 1h | $41K | $142K | 20x | as long as short |
| Bybit PAXGUSDT | −0.016% | +0.0100% | 4h | $15.1M | $3.3M | 75x | as long as short |
| BingX PAXG-USDT | −0.014% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | −0.009% | +0.0100% | 4h | $558 | — | 10x | as long as short |
| MEXC PAXG_USDTlong | 0.000% | +0.0100% | 4h | $16.0M | $1.3M | 100x | |
| Kraken Futures PF_PAXGUSD | +0.005% | −0.0017% | 1h | $1.3M | $1.0M | 20x | as long as short |
| Pacifica PAXG | +0.008% | +0.0100% | 1h | $1.0M | $407K | 10x | as long as short |
| KuCoin PAXGUSDTM | +0.013% | +0.0100% | 4h | $26.7M | $4.9M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.015% | +0.0100% | 1h | $1.1M | $1.1M | 50x | as long as short |
| Gate PAXG_USDT | +0.019% | 0.0000% | 8h | $15.8M | $4.4M | 100x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | +0.060% | 0.0000% | 1h | $7.9M | $832K | 50x | as long as short |
| HTX PAXG-USDT | +0.062% | 0.0000% | 4h | $915K | $605K | 75x | as long as short |
| 01 Exchange PAXGUSDshort | +0.232% | +0.0768% | 1h | $15K | $7K | 10x |